KAR, AN And KMX, Pushing Specialty Retail Industry Downward

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 14,977 as of Monday, May 6, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,675 issues advancing vs. 1,221 declining with 157 unchanged.

The Specialty Retail industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Netflix ( NFLX), down 0.93, and Luxottica Group ( LUX), down 0.40. A company within the industry that increased today was Staples ( SPLS), up 0.96.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. KAR Auction Services ( KAR) is one of the companies pushing the Specialty Retail industry lower today. As of noon trading, KAR Auction Services is down $0.39 (-1.7%) to $23.10 on average volume Thus far, 264,041 shares of KAR Auction Services exchanged hands as compared to its average daily volume of 689,800 shares. The stock has ranged in price between $23.01-$23.45 after having opened the day at $23.26 as compared to the previous trading day's close of $23.49.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. KAR Auction Services has a market cap of $3.1 billion and is part of the services sector. The company has a P/E ratio of 32.3, above the S&P 500 P/E ratio of 17.7. Shares are up 16.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates KAR Auction Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full KAR Auction Services Ratings Report now.

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